/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
REGINA, Dec. 6, 2012 /CNW/ - Input Capital Corp. (the "Company") is pleased to announce that a private placement of shares has been completed. The total gross proceeds are in excess of $24 million. The offering had an initial goal of raising $20 million, but was oversubscribed by approximately 20%.
GMP Securities L.P. led the sales as agent for the Company. Sellers also included Canaccord Genuity Corp., AltaCorp Capital Inc., and CIBC World Markets Inc. The offering was carried out as a private placement offering pursuant to exemptions in National Instrument 45-106 - Prospectus and Registration Exemptions. All shares issued in connection with the offering are subject to a four-month plus one day hold period.
"The proceeds of the offering will be used to fund canola streaming contracts for farmers seeking capital. The Company will enter into canola streaming contracts with western Canadian farmers, whereby we make an upfront payment to farmers in exchange for the purchase of an interest in the canola crop for a number of cropping seasons," said Doug Emsley, President and CEO.
Input Capital Corp. is the world's only agricultural commodity streaming company, which was recently spun out into a stand-alone company by Assiniboia Capital Corp., a leading agriculture investment company managing Assiniboia Farmland Limited Partnership, the largest farmland investment fund in Canada.
Additional information about Input Capital Corp. is available at www.inputcapital.ca.
Forward Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation, including statements respecting the completion of the offering and the use of offering proceeds. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumptions. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Company assumes no obligation to update or revise such information to reflect new events or circumstances. The securities of the Company have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
SOURCE: Input Capital Corp.
For further information:
Chairman, President & CEO
Exec VP & CFO